Several brokerages have updated their recommendations and price targets on shares of TE Connectivity (NYSE: TEL) in the last few weeks:

  • 2/2/2018 – TE Connectivity was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/25/2018 – TE Connectivity had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $102.00 price target on the stock.
  • 1/25/2018 – TE Connectivity had its price target raised by analysts at Morgan Stanley from $102.00 to $111.00. They now have an “overweight” rating on the stock.
  • 1/25/2018 – TE Connectivity had its price target raised by analysts at Wells Fargo & Co from $112.00 to $120.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – TE Connectivity had its price target raised by analysts at Citigroup Inc from $106.00 to $119.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – TE Connectivity had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $115.00 price target on the stock.
  • 1/24/2018 – TE Connectivity had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $116.00 price target on the stock.
  • 1/23/2018 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $113.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. Moreover, the stock has outperformed the industry average over the past three months. It expects transportation business to experience significant organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Further, its Communications and Industrial segments are witnessing strong performance, thus stoking growth. However on the negative side, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. This apart, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance.”
  • 1/20/2018 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. The company expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average over the past year. The company is currently experiencing inefficiencies in its supply chain.”
  • 1/15/2018 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. Moreover, the stock has outperformed the industry average over the past three months. It expects transportation business to experience significant organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Further, its Communications and Industrial segments are witnessing strong performance, thus stoking growth. However on the negative side, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. This apart, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance.”
  • 1/10/2018 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. The company expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average over the past year. The company is currently experiencing inefficiencies in its supply chain.”
  • 1/8/2018 – TE Connectivity was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $112.00 price target on the stock. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. Moreover, the stock has outperformed the industry average in a year. It expects transportation business to experience significant organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Further, its Communications and Industrial segments are witnessing strong performance, thus stoking growth. However on the negative side, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. This apart, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance.”
  • 12/31/2017 – TE Connectivity was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/29/2017 – TE Connectivity was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TE Connectivity has a striking earnings surprise history over the four trailing quarters, beating estimates all through. Strong progress on strategic priorities, solid execution and impressive top-line growth are proving conducive to the company’s profitability. It expects transportation business to experience high-single-digit organic growth, fueled by rise in global auto production and impressive heavy truck business in key end markets. Also, its Communications and Industrial segments are witnessing strong rebound, thus stoking growth. However, sluggish industrial markets and derivative impact of lower oil prices are posing as major headwinds, thwarting growth. Also, adverse currency fluctuations and high restructuring expenses might hurt the company’s performance. The stock has also underperformed the industry average, year to date. The company is currently experiencing inefficiencies in its supply chain.”

Shares of TE Connectivity Ltd (NYSE TEL) opened at $98.70 on Tuesday. The company has a market capitalization of $34,530.00, a P/E ratio of 28.69, a PEG ratio of 1.61 and a beta of 1.11. The company has a quick ratio of 1.03, a current ratio of 1.58 and a debt-to-equity ratio of 0.34. TE Connectivity Ltd has a twelve month low of $71.93 and a twelve month high of $108.23.

TE Connectivity (NYSE:TEL) last released its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.25 by $0.15. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.39 billion. TE Connectivity had a return on equity of 19.49% and a net margin of 9.12%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 EPS. analysts forecast that TE Connectivity Ltd will post 5.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, February 22nd. TE Connectivity’s payout ratio is presently 46.51%.

In other news, COO Joseph B. Donahue sold 1,238 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $93.23, for a total value of $115,418.74. Following the completion of the sale, the chief operating officer now owns 52,134 shares of the company’s stock, valued at approximately $4,860,452.82. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Terrence R. Curtin sold 142,450 shares of the stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $104.24, for a total value of $14,848,988.00. Following the completion of the sale, the insider now directly owns 200,258 shares of the company’s stock, valued at approximately $20,874,893.92. The disclosure for this sale can be found here. In the last three months, insiders sold 659,434 shares of company stock valued at $64,534,223. 0.70% of the stock is currently owned by insiders.

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

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